Investors bid up food stocks in anticipation of sector consolidation

|By:, SA News Editor

Shares of Sanderson Farms (SAFM +2.2%) etch out new 52-weeks as heightened merger buzz keeps trading in the sector lively.

Pilgrim's Pride (PPC +1.4%), WhiteWave Foods (WWAV +1.8%), and Tyson Foods (TSN +2%) are also higher on the day.

Consolidation talk has helped the Dynamic Food & Beverage (PBJ) outperform the S&P 500 this year.